Job costing is the accounting activity of assigning your revenue and expenses to the specific jobs/projects that they relate to. This allows you to see the profit you’re making on each specific job ...

Discover the differences between absorption and variable costing methods, how they impact financial statements, and why GAAP ...

With job-cost accounting, estimators now have the tools to make intelligent adjustments and get an A+ on every bid. Job-cost accounting provides contractors with the ability to track actual costs ...

Daniel Liberto is a journalist with over 10 years of experience working with publications such as the Financial Times, The Independent, and Investors Chronicle. Ebony Howard is a certified public ...

Job costing, the single most important task in an estimating systems process, is something that is often neglected by many start-up, small, and mid-sized pavement maintenance companies. Failing to job ...

Accurate time tracking is critical to managing labor costs in order to achieve profitability for construction businesses, separating successful businesses from the rest of the pack. If labor costs ...

A process costing system is a technique used within the manufacturing industry to determine the total production cost of a unit of merchandise. It is particularly used in environments where production ...

The Institute of Management Accountants has issued a new report on developing an effective managerial costing model that builds on the IMA’s Conceptual Framework for Managerial Costing. The IMA is ...

SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Computer Guidance Corporation, the leading developer of financial and project management software solutions for architecture, engineering and construction companies ...